Inflation, GDP deflator: linked series (annual %) in Bhutan
Bhutan: Inflation, GDP deflator: linked series (annual %) was 3.2% in 2025. ▼ Falling
Inflation, GDP deflator: linked series in Bhutan, 1990–2025
Source: Staff estimates, World Bank (WB). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator: linked series in Bhutan is 3.2%, measured in 2025.
That represents a change of down 32.4% on the previous year and down 1.7% over ten years.
Over the whole period, inflation, gdp deflator: linked series in Bhutan peaked at 12.9% in 1997 and was at its lowest, 1.2%, in 2018.
Bhutan ranks 113th of 214 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 36 years of available data.
Inflation, GDP deflator: linked series (annual %) in Bhutan, year by year
| Year | annual % | Change |
|---|---|---|
| 1990 | 6.2% | — |
| 1991 | 8.9% | +44.1% |
| 1992 | 8.9% | -0.2% |
| 1993 | 8.5% | -4.6% |
| 1994 | 12.3% | +45.0% |
| 1995 | 8.3% | -32.9% |
| 1996 | 8.1% | -2.1% |
| 1997 | 12.9% | +59.1% |
| 1998 | 10.7% | -17.1% |
| 1999 | 6.2% | -42.3% |
| 2000 | 7.4% | +19.1% |
| 2001 | 5.3% | -27.4% |
| 2002 | 5.2% | -3.2% |
| 2003 | 3.6% | -29.8% |
| 2004 | 4.3% | +19.9% |
| 2005 | 6.5% | +49.1% |
| 2006 | 6.6% | +1.5% |
| 2007 | 4.7% | -28.7% |
| 2008 | 5.6% | +19.6% |
| 2009 | 4.4% | -21.1% |
| 2010 | 8.3% | +88.2% |
| 2011 | 8.9% | +6.6% |
| 2012 | 8.6% | -2.7% |
| 2013 | 6.2% | -28.6% |
| 2014 | 5.7% | -7.2% |
| 2015 | 3.2% | -43.9% |
| 2016 | 4.0% | +26.1% |
| 2017 | 4.3% | +7.4% |
| 2018 | 1.2% | -73.5% |
| 2019 | 3.1% | +170.1% |
| 2020 | 5.3% | +70.1% |
| 2021 | 7.6% | +44.3% |
| 2022 | 5.8% | -24.0% |
| 2023 | 4.4% | -24.0% |
| 2024 | 4.7% | +6.0% |
| 2025 | 3.2% | -32.4% |
Bhutan compared with similar countries
- Bhutan's 3.2% is below the median for lower middle income countries, which is 5.0%, 63% of the median. (47 countries reporting)
- Bhutan's 3.2% is below the median for South Asia, which is 3.2%, 98% of the median. (6 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 9.1% | 6.2% | 12.9% | 10 |
| 2000s | 5.4% | 3.6% | 7.4% | 10 |
| 2010s | 5.4% | 1.2% | 8.9% | 10 |
| 2020s | 5.2% | 3.2% | 7.6% | 6 |
Countries ranked near Bhutan
- 110 Cote d'Ivoire 3.2% compare
- 111 Micronesia (country) 3.2% compare
- 112 Isle of Man 3.2% compare
- 114 Austria 3.2% compare
- 115 South Korea 3.1% compare
- 116 Paraguay 3.1% compare
More financial sector data for Bhutan
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 7.82 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0013 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 5.71 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0017 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 7.82 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is inflation, gdp deflator: linked series in Bhutan?
- Inflation, gdp deflator: linked series in Bhutan was 3.2% in 2025, according to Staff estimates, World Bank (WB).
- What is the highest inflation, gdp deflator: linked series recorded in Bhutan?
- The highest recorded value was 12.9% in 1997.
- What is the lowest inflation, gdp deflator: linked series recorded in Bhutan?
- The lowest recorded value was 1.2% in 2018.
- How does Bhutan rank for inflation, gdp deflator: linked series?
- Bhutan ranks 113th out of 214 countries with data for 2025.
- Is inflation, gdp deflator: linked series rising or falling in Bhutan?
- Over the last ten years it is down 1.7%. The long-run trend across the full record is falling.
- Where does this Bhutan data come from?
- The figures come from Staff estimates, World Bank (WB), published as part of Inflation, GDP deflator: linked series (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.